Item ID: Wise01

Case Name: John Harper Wise

Case Number: 07-15770-ABC

IMPORTANT LEGAL INFO:

CSAssets specializes in the liquidation of Bankruptcy Assets and Personal Assets. All Bankruptcy Assets are sold "AS IS WHERE IS" with no warranties implied or stated. The Seller and the Bankruptcy Trustee are not responsible for issues, if any, with the title, the condition of the property, or any liens or encumbrances against the property. CSAssets has to rely on the property description that has been provided by the Playa Las Tortugas website and the Debtor. CSAssets cannot guarantee that all of the information is accurate. The Buyer will be entirely responsible for this property after the sale, including but not limited to: paying any fees associated with the transfer of the property, the recording of the deed and transfer of  Title and the gathering of any documentation necessary for that process. The Seller and Trustee are Not Realtors. CSAssets and the Trustee shall be under no obligation to the buyer except to provide the Buyer with a Bill of Sale for the property. CSAssets recommends all bidders perform their own due diligence PRIOR to bidding on this item. As with any Bankruptcy case, this sale may be subject to court approval. Please read all sections of the ad carefully, particularly for real estate sales.

DESCRIPTION OF ITEM:

One-half (1/2) interest in a property with a surface area of approximately 1280.02 square meters, Lot 11, Phase 1-A, Playa las Tortugas (Turtle Beach), named as Number 11, street Las Palmeras, together with an undivided interest in and common use of areas designated as such according to the Condominium regime of "Turtle Beach (Playa las Tortugas)", located facing the Pacific Ocean in Colonia las Fuentes, Otates and Cantarranas, Township of Compostela, Nayarit, Mexico. The property is titled in the names of John H. Wise and Mary Jo Leech. A lawyer in Mexico will be required to close this property. The Trustee has a real estate attorney in Puerto Vallarta ready to handle this sale. The POA dues are approx. $5,000 annually. The property taxes are approx. $80. The closing cost will be approx. 12% of the sale and the capital gains tax is approx. 30%. Please go to the Playa Las Tortugas website for more photos and information.

LIENS:  We do not know of any liens.

LOCATION INFO:

Playa Las Tortugas offers a fresh style of community along the Costa Tortuga (Turtle Coast), a destination of unspoiled beauty and responsible upscale development in the hear of the new Riviera Nayarit. Title property, title insurance and the possibility of a healthy rate of appreciaten - especially now as the greater Puerto Vallarta area enters a major growth cycle - makes Playa Las Tortugas a natural choice when considering financial well-being. When you can't be there, you can still enjoy the income-producing potential of a well-managed beach vacation rental property. During the months of November thru May at Playa Las Tortugas, you'll experience one of the most favorable climates in the world, with clear sunny skies practically every day. Amid the cool shade of coconut palms, our elegant, secluded property devotes large portions of its acreage to common areas consisting of artistically landscaped gardens and pools and green spaces. Designed to maximize viewscapes and protect migratory zones for wildlife, the community plan also emphasizes a vew toward the future.

NOTES:

This is all we know about this asset. A title search has NOT been performed on this item. CSAssets does not provide title insurance. If title insurance is desired, the buyer will be responsible for obtaining it through a Title Company. A document preparation fee of $200 will apply and will be included in the total of your invoice. Any fees/liens owing on this item are not part of the final bidding price. Serious Bidders Only. A bid submitted by a potential Buyer is an agreement to our Terms. The eBay disclaimer regarding "contract to purchase" does not apply to our U.S. Bankruptcy Court Ordered Sales. Potential Buyers should not bid unless the fully intend to complete the sale.